Capstone Secures C800S Order to Upgrade Artificial Casing Manufacturer in Mexico
CHATSWORTH, Calif., Nov. 07, 2016 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it received an order for a C800S microturbine to upgrade the manufacturing facility of a producer of artificial casings for meat products in Zacapu, Mexico.
DTC Ecoenergía, Capstone’s distributor in Mexico, secured the order which is expected to be commissioned in February 2017. The customer intends to use the microturbine as the first phase of a larger 8MW combined heat and power (CHP) plant.
“Forward-looking executives are increasingly looking at ways to improve operating results in a competitive global environment while simultaneously reducing their air emissions and total carbon footprint,” said Darren Jamison, President and Chief Executive Officer at Capstone. “As more and more companies start making informed energy decisions, we expect to continue to see substantial growth of CHP applications worldwide,” added Mr. Jamison.
The natural gas-fueled C800 Signature Series microturbine will be installed in a dual mode application to supply power to critical loads and help produce steam for industrial processes. Capstone microturbines were selected for the project because of their low operating cost, high reliability, low noise and low emissions.
According to the U.S. Energy Information Administration (EIA), Mexico is investing in new power plants to increase electricity generation capacity and transition to natural gas as the main fuel source. Additionally, the industrial sector in Mexico accounts for 58% of Mexico’s electricity usage. This transition to a more decentralized model aligns well with cogeneration or CHP, which is able to achieve 80% total system efficiency. This helps to improve the customer’s bottom line while also providing greater energy resiliency to their business.
“Privately owned generators are playing a much larger role in Mexico’s electricity supply,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “DTC continues to expand their installed base and aftermarket support capabilities. They are a great example of Capstone’s growing distribution network, and why CHP has become more than 60 percent of our business today,” added Mr. Crouse.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (Nasdaq:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped approximately 8,800 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East, China and Singapore.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our CHP applications and further expansion in to CHP markets, including markets in Mexico. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
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Released November 7, 2016